Monday 2 May 2016
 
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Top speakers for Cards & Payments Middle East

Cards & Payments Middle East, a leading conference and exhibition for payment solutions, is set to return to the Dubai International Convention and Exhibition Centre from May 31 to June 1.   The conference is

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Swift kicks off pilot for payments innovation initiative

Global transaction network Swift said 21 banks have started the pilot for its global payments innovatio initiative, intended to improve the customer experience in correspondent banking by increasing the speed, transparency and predictability o

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UAE domestic spending rises 13pc in 2015

Domestic spends have increased 13 per cent in 2015 over the previous year, while overall card spends in the UAE grew by 9 per cent, according to a report by Network International, the leading payment solutions provider in the Mena region.

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Network International in talks with Iranian banks

UAE-based Network International, the largest payments processor in the Middle East and Africa, could begin working with some of Iran's largest banks this year, the company's chief executive told Reuters on Sunday. The comp

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Network International to buy EMP Group

Dubai-based Network International has agreed to buy rival Emerging Markets Payments (EMP) from private equity firm Actis in a deal creating the largest payments processor in the Middle East and Africa. The size of the deal was not

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Arab Bank profit plunges on US lawsuit payments

Jordan's largest lender, Arab Bank Group, said on Saturday its 2015 net profits fell to $442 million, from $577 million a year earlier, after putting aside hundreds of millions to cover a legal settlement in the US. Arab Bank

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45 top banks join SWIFT payments initiative

SWIFT, a global  initiative that connect more than 10,800 banking organisations, has announced that a total of 45 leading banks have signed up to a global payments innovation initiative launched at the end of December 2015. T

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SWIFT unveils global payments innovation initiative

SWIFT, a member-owned cooperative for conducting business operations with confidence, has unveiled a global payments innovation initiative to dramatically improve the customer experience in correspondent banking by increasing the speed, transp

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GCC ‘an attractive region to live in’

Safe place to live and work, possibility of making good friends and having a comfortable lifestyle are the main attractions of living in the GCC, a new report said. The Western Union Company, a world leading money transfer company

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Kurdistan says to allocate up to $100m for oil firms in Sept

Iraq's Kurdistan region said it expected to begin making regular payments to oil-exporting companies in the first half of September, sending shares in those firms up as high as 17 per cent in early trade.   T

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